Selling a house can seem like an arduous task, especially if you intend to do it without the help of a real estate agent. However, it is completely possible. There is no need for you to doubt yourself. Besides, the real estate market in Idaho is one of the best performing in the country. It is not that difficult to sell a house in the Gem State as long as you are patient. This post aims to help you sell a house without a realtor in Idaho. So, what are you waiting for? Let’s take a look at everything you need to know about selling a house without a real estate agent.
- Homeowner’s Insurance
Although you can sell your house without a homeowner’s insurance policy, it is advised not to do so. For example, if a tornado or hailstorm strikes down the house before the closing, it would end up destroying its value and the buyer would simply refuse to buy the house. On the other hand, if nothing bad happens and you manage to make it to the closing, the buyer’s policy would only then cover the house once the sale has closed. However, it is still a huge gamble that should be avoided at all costs. There is no reason for you to not have a homeowner’s insurance policy and put your property at risk. It might cost you a few hundred dollars but it is definitely worth it.
Moreover, the buyer’s lender might require you to have a homeowner’s policy. In such a case, the buyer would be unable to get a loan unless you take up proper insurance. Besides, if a viewer gets in an accident at the premises, they would be able to sue you for damages.
- Real Estate License
Finally, an important question that you need to consider is whether you need a real estate license or not. Selling a house on your own can be quite complicated. There is a reason why the real estate industry is thriving. The industry relies on transferring ownership of property. Hence, you must consider if there are any legal requirements that come into play. Make sure to check your local laws to get an idea. Although there are no explicit laws that require homeowners to hire a listing agent or have a real estate license, it is still important that you check the real estate laws of your state. It is best that you consult with a real estate attorney or professional to find out if you need a real estate license. If you need a license, you would need to hire the services of a real estate agent for the closing.
- Renovate Your Home
Once you have taken up homeowner’s insurance and know that you can sell the house without a real estate license or have a professional helping you out with the legal work, you can proceed with selling the house. However, before you decide to put your house in the market, it is crucial that you renovate. Home renovation requires minimal investment and yields a high interest if you come to think of it.
Renovate the house by getting it repainted, cleaned, and repaired. If there are any parts of the house that are in bad condition, you should get them renovated. Selling a house in a bad condition would end up costing you in the long run. Hence, it makes sense to make some changes. It will allow you to get a higher value.
- Conduct a House Inspection
Homeowners should know about the exact condition of their house before putting it in the market. Therefore, it is advised to conduct a house inspection. Hire a professional inspection company to provide you with an inspection which you can use to get an idea about the condition of your home.
- Set the Right Price
The importance of setting the right price for your home cannot be stressed enough. Since the price is the first thing that people notice, you need to make sure that your home is perfectly priced. Look for relevant houses for sale to get an idea about how much you should price your house for. By setting the right price, you will attract more buyers.
- Acquire Information to Draft the Perfect Listing
To create the perfect listing to attract buyers, you need to acquire information. You need information about the following.
- Home Data: It includes information such as bedroom and bathroom count, lot size, finished interior square footage, the year the house was built, parking arrangements, utility details, and the like.
- Photos: When it comes to a listing, the pictures of your home can either make or break it. If you have some money to spare, it might be best to hire a professional photographer to take pictures of your home.
- Description: The description of your home should include information that will get the attention of buyers. It is the information that pictures or home data cannot cover. Brainstorm the best selling points of your home and write them down.
- Sell Your House to a Cash Home Buyer
Selling a house without the help of a realtor is not easy. If you do not have the time or patience, it might be best for you to sell your house to a cash home buyer such as Gem State Cash Offer. We buy houses in Boise and offer cash in return. Let a cash home buying company take things into their hands so that you can forget about all the stress that comes with selling a house. You will not need to do anything as the company will handle all the work. It is the perfect option for those of you who have received a property as inheritance or do not have the time to commit to selling a house.
Once you have gone over this post, you will know how to sell a house without the help of a realtor in Idaho. Each point mentioned above will prove useful.